Douglas manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information

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Douglas manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:

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Assuming that total joint costs of $240,000 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to eachproduct?

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Posted: Apr 26, 2012 02:41 AM

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Douglas manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information

Question:

If Processed Further Units Produced Sales Value at Split-Off Additional Costs Sales Values Product W-10--- W-20 W-30 W-40 $210,000 180,000 120,000 90,000 $600,000 $22,500 18,000 12,000 $270,000 210,000 150,000 35,000 ..25,000 20,000 20,000 100,000 7,500 90,000 $60,000 $720,000

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The net realizable value method is a cost allocation ...View the full answer

Fundamentals of Cost Accounting

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